Presents

6th Annual

Summit 2015FEMA and AMl

14th & 15th May - Mumbai

For sponsorship or to become our partner, contact: marketing@achromicpoint.com

Knowledge Partners

About the SeminArForeign direct investment (FDI) has become a key battleground for emerging markets and some developed countries. Government-level policies are needed to enable FDI inflows and maximize their returns for both investors and recipient countries. The Foreign Exchange Management Act, 1999 (FEMA), the gateway legislation for all Inbound and Outbound investments. The new consolidated FDI Policy issued by the Government of India has introduced some major changes to attract more FDI equity inflows into India.

The policy, which evolved as one of the strategies for export promotion and for strengthening economic linkages with other countries, has expanded significantly in scope and size, especially after the introduction of Foreign Exchange Management Act, 1999.

Financial Institutions face the challenge of addressing the threat of money laundering on multiple fronts. The challenge is even greater for complex institutions that operate in several lines of business, IT systems and business cultures. Recent events in India and across the globe have highlighted the increased scrutiny and expectations of AML risk management programs by regulators. The bar is moving higher on AML compliance and financial institutions are being held to higher standards of evidence of compliance. Penalties for compliance failures have become more severe, putting executives and boards at greater personal risk. This two day event will provide clarification on stringent regulatory expectations; provide insight into the latest best practices, access to in-depth discussions of the AML risk management challenges that most affect your business while also facilitating an integration of global regulations and best practices for AML and compliance.

Who Should Attend• Chief Financial Officers

• Chief Executive Officers

• Managing Directors

• Finance Managers

• Company Secretary

• Chartered Accountant

• Bankers & Foreign Exchange Dealers

• Finance Consultants

• AML Experts & Executives

benefitS of Attending• Aid in planning for foreign Inbound Investments• Help in making strategic decisions for Outbound Investment• Assist in taking precautionary steps while dealing in foreign exchange• Assist in planning for non-resident investors servicing• Help in negotiating Joint Ventures with foreign companies• Assist in setting up comprehensive policy to meticulously follow the law• Pick up practical and cost-effective strategies and techniques that maybe used within organizations• Getting equipped to fight financial crimes and protect your organization• Focus on key AML threats and compliance challenges • Develop a corporate culture that embraces enterprise-wide AML risk management • Strategies to configure your AML program and minimize risk exposure • Lessons from recent enforcement actions and guidance for managing regulatory expectations • Gain the knowledge to prepare for regulatory mandates efficiently and cost effectively • Engage in a dialogue to delve deeper on the latest international requirements• Practical solutions to help organizations save time and money in the long run

• Compliance Officer

• Head of Intelligence

• Chief Risk Officer

• Head Of Risk & Intelligence

• Legal Counsels & Head of Legal

• VPs & Managers From Legal Departments

• Corporate Lawyers & Attorneys

• CFEs & Fraud Experts

ProgrAm outlineDAY 1

Key Aspects under femA• Basic Framework of FEMA• Capital & Current A/c Transactions• Deposits/Accounts maintained in India by

Non Residents• Foreign Currency accounts in India by Residents• Acquisition and Transfer of Immovable Property in

India by Non Residents

fdi into india – inbound investments• The Policy framework• Who can invest• Who can receive FDI in India• Types of instruments• Equity Routes & Sectoral Guidelines• Downstream Investments• Prohibited sectors• Reporting and Violations• Transfer of shares• Repatriation of Investments

external Commercial borrowings• Permissibility, Automatic and Approval Route• Sectors permitted to avail ECB• End use restriction, compliances• Trade credits• Structured Obligations• Foreign Currency Convertible Bonds (FCCBs)• ADRs / GDRs

overseas direct investments • Brief Overview • Cross Border Investments –

Recent / Contemporary Developments• Key Structuring Aspects

recent tax Proposals - budget highlights • Anti-Avoidance Measures • Introduction of Place of Effective Management

(POEM)

transfer Pricing Challenges

exchange of information - recent updates

introduction of undisclosed foreign income and Assets (ufiA)• Salient Features and Impact

DAY 2

Aml Audits: need of the time – relevance, benefits• Tools for conducting its AML Audit

including Mystery shopping

Cyber Security

Str data analysis (bank level) and proactive investigation/deeper dive - beyond paper based analysis: investigative steps can include• Targeted (behavior pattern) analysis of

transactions at the Cust ID level• Testing of transactions on sample basis

along with supporting information/documents available at the bank

• Level 1 CDD checks, Site visits & Discreet Inquiries on select entities where funds have moved to/from

• Discreet intelligence gathering on customers and select 3rd parties identified during transaction analysis

• Analysis of other information across banks

trade based money laundering: fiu/rbi/ enforcement directorate to speak

data quality: Challenges and benefits of an effective data management. this would include data cleansing and the multiple ways it could serve the financial institution which includes fAtCA

Panel discussion

This seminar can also be arranged for In-house Training. For more information about bringing this or other seminars to your organization, please write to us at enterprisesolutions@achromicpoint.com

in-houSe SeminArS/trAiningS

SPeAKerS

ViKAS Vig - managing Partner, mohinder Puri & Co., Chartered Accountants

Mr. Vig has extensive experience of over four decades on issues relating to cross border transactions, structuring of inbound and outbound investments, audit and accounting practices. He specializes in devising entry strategies,

corporate and financial restructuring, foreign collaborations, shareholder disputes and arbitration. In addition to his vast practice, Mr. Vig has been entrusted with the directorship of many corporate groups and Trusteeship of a few select organizations.

ASeem ChAWlA - Senior Partner, mPC legal

Aseem Chawla, a Member of Bar Council of India & a Fellow Member of the Institute of Chartered Accountants of India, is the Practice leader of the tax practice group at MPC Legal, New Delhi. He is a member of several committees of professional bodies and industry chambers. Aseem has extensive experience in advising large corporate houses on a variety of tax matters including International tax, inbound & outbound investment structuring and cross border tax issues. He has also represented

clients in tax litigation matters before various appellate forums.

*More speakers to join in

SnAPShot of PASt femA And Aml SummitS

The FEMA SUMMIT 2014, is an excellent session, which was helped me and my colleague in our day to day job to perform the tasks in a very efficient way. All the speakers are very knowledgeable and addressed all our doubts. I definitely recommend everyone who ever dealing on FEMA for this kind of session in future.

Especially, the concluding session “PANEL DISCUSSION with INDUSTRY EXPERTISEES” is an excellent experience for all of us.

CmA ravikanth AllamAssistant General Manager - Corporate Treasury

Crompton Greaves Limited

The overall workshop was excellently arranged along with deep insights of the respective topics. Especially the topics like FEMA, Current account and Capital Account transactions was dealt with great depth. The Speakers Mr. Vikas Vig and Mr. Aseem Chawla were excellent in their respective topics. Further the venue selected also was excellent including the quality of food.

Kannan ramasubramanianReceivables Analyst

Crown Worldwide Movers Pvt. Ltd.

The seminar by Achromic Point was a very enriching experience. The seminar was a very well conducted one with eminent speakers on the panel having widespread knowledge on the subject. It was great learning for me personally.

Prashant AgarwalSr. Compliance Manager

ING Vysya Bank

The Summit was extremely informative and gave a great insight on the FEMA Regulations and FDI polices, with the Speakers providing practical guidance on the changes brought about the policy and the implications on a Corporate. The Summit provided an open forum to the participants and all queries were addressed, which brought in great amount of clarity on the otherwise ambiguous policy.

Saakshi JainProcess Manager – Legal &Secretarial Corporate Finance

eClerxServices Limited

Cancellation and refund Policy

You must notify us by email at least 48 hours in advance if you wish to send a substitute participant. Delegates may not “share” a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare‚ hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date‚ content‚ speakers‚ or venue.

terms & Conditions:-

Achromic Point holds all the rights to circulate and distribute the information discussed, shared and presented at the seminar.

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Registration Fees:- inr 17,995 + Service tax

Conference fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

Please register me for mumbai – 14th & 15th may 2015

RegistRation FoRm

6th Annual femA & Aml Summit 2015

Hurry up!Early Bird fEEs$14, 995 +

Service TaxEarly Bird Ends24th april 2015